iShares U.S. Consumer Goods ETF Forecast
iShares U.S. Consumer Goods ETF price ended at $67.50 on Thursday, after gaining 0.656%.
(Updated on May 09, 2024)
The iShares U.S. Consumer Goods ETF price gained 0.656% on the last trading day (Thursday, 9th May 2024), rising from $67.06 to $67.50. During the last trading day the ETF fluctuated 0.633% from a day low at $67.11 to a day high of $67.54. The price has risen in 5 of the last 10 days and is up by 0.81% over the past 2 weeks. Volume fell on the last day by -71 thousand shares and in total, 78 thousand shares were bought and sold for approximately $5.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -64.19% during the next 3 months and, with a 90% probability hold a price between $6.99 and $30.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IYK Signals & Forecast
Mostly positive signals in the chart today. The iShares U.S. Consumer Goods ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $66.79 and $66.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 5.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for iShares U.S. Consumer Goods ETF
iShares U.S. Consumer Goods finds support from accumulated volume at $67.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.425 between high and low, or 0.633%. For the last week the ETF has had daily average volatility of 0.724%.
Our recommended stop-loss: $64.18 (-4.92%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (IYK) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect iShares U.S. Consumer Goods ETF to open at $67.38, and during the day (based on 14 day Average True Range), to move between $66.51 and $68.49, which gives a possible trading interval of +/-$0.99 (+/-1.46%) up or down from last closing price. If iShares U.S. Consumer Goods ETF takes out the full calculated possible swing range there will be an estimated 2.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $67.54 (0.06%) than the support at $67.06 (0.65%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is iShares U.S. Consumer Goods ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 2.071 Buy Candidate Unchanged
Predicted Opening Price for iShares U.S. Consumer Goods ETF of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
$67.38 ( 0.175%) | $67.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IYK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 67.81 | 0.454 % | |
R2 | 67.64 | 0.214 % | ||
R1 | 67.54 | 0.0652 % | ||
Current price: | 67.50 | |||
Support | S1 | 67.22 | -0.416 % | |
S2 | 67.12 | -0.564 % | ||
S3 | 66.96 | -0.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 67.63 | 0.193 % | ||
R1 | 67.54 | 0.0593 % | ||
Current price | 67.50 | |||
Support | S1 | 67.06 | -0.652% | |
S2 | 66.59 | -1.35% | ||
S3 | 64.16 | -4.95% |
IYK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.286 | 0.424% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $1.60 | 2.57% |
3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $1.78 | 2.88% |
4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $1.02 | 1.54% |
5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.87 | 1.32% |
FAQ
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